GREY:MLKKF - Post by User
Comment by
go_for_brokeon Aug 29, 2009 7:27am
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Post# 16260842
RE: EPS and 220 million outstanding shares
RE: EPS and 220 million outstanding sharesI think everyone will agree that the worst has passed for ML and it can only go up from here. They have phase 1 producing above design capacity, I don't believe we are going to see CU price tank to the lows of the past year again, even with an overall market correction, and phase 2 can now be completed. Once the $$$ are rolling in, they have options such as:
1) Purchase a junior (hopefully not where they go with it!!!)
2) Buy back shares
3) Pay a dividend
4) Build a Phase 3 ? Don't know if this is even feasible at the site, but thought I would throw it out there as the resource life could easily support it.
So lots of options from the cash that all build long term sp growth, just a matter of how long you can wait to get to $10+!!!